For saleSingle family
$325,000
1947 Johnson St NE
Minneapolis MN 55418
3 beds, 2 baths, 1,715 sqft
1947 Johnson St NE is a 3 beds, 2 baths, 1,715 sqft single family home for sale at $325,000 in Minneapolis MN 55418. At 20% down it rents for an estimated $1,850/mo and returns -$470/mo a month at a 4.9% cap rate.
The deal math
Modelled at 20% down on a 30-year loan at current market rates, before management, vacancy and maintenance reserves.
- Estimated rent
- $1,850/mo
- Monthly cash flow
- -$470/mo
- Cap rate
- 4.9%
- Cash-on-cash
- -8.7%
- Max offer
- $219,000
Offer ≤ $219,000 (33% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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